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China pledges $124 billion for new Silk Road as champion of globalisation

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124 billion peanuts will hardly get it off the ground. One news report stated the final bill as 22 TRILLION 

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It's akin to Brazil's highway building into the Amazon basin.  Nothing good can come of it.

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how magnanimous of Xi….of course it wuldnt have anything to do with trying to ensure the world keeps buying low quality chines goods made with flagrant abuse of labour etc.

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There is no "rivalry" among the elite who actually run the world with the help of their political puppets. President Xi knows this as well as I do. So does his "rival" President, Donald Trump.

 

That's why white house "adviser" Matt Pottinger could say, hand on heart (if he has one) and a straight face that the US "welcomed efforts by China to promote infrastructure connectivity as part of its Belt and Road initiative, and US companies could offer top value services".

 

They are on the same side - the side of the globalists.

 

Globalisation is about ensuring the controlling corporatocracy - of which China, with more dollar BILLIONaires than even the US, is very much a part - retains and expands its economic hegemony through phoney "free trade" deals, the continued destruction of organised labour and the creation of a low-wage "level playing field" of the kind that is seeing Western wage levels fall consistently in real terms.

 

Stop worrying about the media-hyped threat of a third, thermonuclear world war (billionaires like Trump and Putin - and probably Xi, if the truth were known - have too much to lose if the balloon goes up) and start thinking about how to fight back against a globalist plan to push the rest of us back into serfdom.

 

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8 minutes ago, JHolmesJr said:

how magnanimous of Xi….of course it wuldnt have anything to do with trying to ensure the world keeps buying low quality chines goods made with flagrant abuse of labour etc.

Actually, rising Chinese wages, have pushed lots of less valuable manufacturing to countries like Bangladesh, Cambodia, Myanmar, and Vietnam.

http://asia.nikkei.com/magazine/20150514-Asia-s-wage-inflation/On-the-Cover/Rising-wages-send-companies-in-search-of-cheaper-workers

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5 hours ago, elgordo38 said:

124 billion peanuts will hardly get it off the ground. One news report stated the final bill as 22 TRILLION 

& thats where Hong Kong came in as they actually started many of these projects 20 yr ago ( stupid British )

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This has been talked about on this forum and anticipated  for several years. It certainly isn't all bad and those fearing the "yellow peril" are about 150 years out of date.

The railways and roads in Thailand and neighbouring countries  are all part if this.

The matter for concern is how much of a 2 way thing will thus be. Many western countries, with the notable exception of Germany have a trade deficit with China....much of this is the result of Sinophobia.

China has a serious geographical problem as regards to trade....at present anything made/exported from China has to go East before it gets anywhere.

A part from being a considerable  nuisance, it has held back development of huge areas of China itself. Opening up trade routes...rail, road river and sea will allow a new boon in the Chinese economy  

in the end though China needs to trade...so there has to be a 2way flow...without this there is nothing to be gained. It is therefore up to China's  beibours and countries further west...right over to Europe to negotiate a deal to their advantage.

If they don't take part, like a game of poker..even if China doesn't  have all the cards, they have the money to outbid everyone else.

 

As a foot note the first trade train from China arrived in UK a couple of  months ago....however thanks to Brexit who claimed to be looking for new markets, that will be nipped in the bud leaving the EU to reap any benefits in the long term.

 

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10 hours ago, boomerangutang said:

                           My general reaction to Chinese mega-projects is; they're probably anti-environment.  If given a choice, Chinese bosses will do as their Thai underlings do:  scrape away all greenery, flatten the remaining soil, and cover it with concrete and asphalt.  If they had their way, they would cover their entire countries with roads and buildings, and maybe stick a few plastic bushes/flowers around, to remind people of nature.

 

                                   I had a friend who was a professional interpreter.  She was hired to accompany a delegation of Thais (a dozen or so) to a Chinese city for a biz meeting.  She told me that, as soon as the meeting was over, all the Thais (all were men) gathered around her and implored her like hyperactive little boys, to help them find whore houses in the Chinese city.

I would agree that probably the worst impact of this could be on the environment.

It isn't of course a one off set in stone project it is organic and depends on the support of other countries .... if the west chooses to take part they can of course have a concrete input.

China has NEVER had political notions beyond their perception of their traditional borders.

Chinese commecial expansion requires customers as well as suppliers and it as both that the West can benefit.

Trump has already made the first mistake by withdrawing from the TPP......the extent of this blunder first lends credibility to the Chinese project  and the harm it does to US trade will manifest itself over the next few years.

 

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On ‎5‎/‎15‎/‎2017 at 5:07 AM, JHolmesJr said:

how magnanimous of Xi….of course it wuldnt have anything to do with trying to ensure the world keeps buying low quality chines goods made with flagrant abuse of labour etc.

Mainland China has advanced from the stone age to the iron age in only 30 years.       " low quality goods made with flagrant abuse of labor "   is about half over.   

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7 hours ago, Johnnyngai said:

Mainland China has advanced from the stone age to the iron age in only 30 years.       " low quality goods made with flagrant abuse of labor "   is about half over.   

China was a major industrial power long before the west... by thousands of years....they also now manufacture goods of the highest quality.....BMW Apple etc....the problem is that many in the West are either to ignorant or arrogant to understand  this..

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5 hours ago, Airbagwill said:

China was a major industrial power long before the west... by thousands of years....they also now manufacture goods of the highest quality.....BMW Apple etc....the problem is that many in the West are either to ignorant or arrogant to understand  this..

Since the 1980's economic reform,  Mainland China has advanced from the stone age to the iron age in only 30 years.  China is about to leave the stone age...

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4 hours ago, Johnnyngai said:

Since the 1980's economic reform,  Mainland China has advanced from the stone age to the iron age in only 30 years.  China is about to leave the stone age...

Nonsense 

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BANGKOK 21 November 2017 21:14
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